Adam Smith, Economics, Finance and Geopolitics - Geopolitical Futures

Adam Smith, Economics, Finance and Geopolitics - Geopolitical Futures

Adam Smith defined how we think about free markets. His guiding principle was, famously, the invisible hand – a mystical force or the hand of God, but the idea that the pursuit of individual interests in economic life would inevitably produce an optimized and predictable economy. The theory rested on the assumption that individuals were rational in understanding their needs and thus in their economic actions. Government intervention would, there…